Jefferies Financial Group Cuts Persimmon (LON:PSN) Price Target to GBX 1,792

Persimmon (LON:PSN) had its price target decreased by Jefferies Financial Group from GBX 1,819 to GBX 1,792 in a research report report published on Wednesday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities analysts have also recently commented on PSN. JPMorgan Chase & Co. increased their target price on Persimmon from GBX 1,520 to GBX 1,800 and gave the company an “overweight” rating in a research note on Thursday, December 4th. The Goldman Sachs Group initiated coverage on shares of Persimmon in a report on Monday, November 24th. They issued a “buy” rating and a GBX 1,446 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,750 price objective on shares of Persimmon in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Persimmon to a “hold” rating and set a GBX 1,419 price objective for the company. in a report on Thursday, January 15th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,330 target price on shares of Persimmon in a research report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,556.50.

Persimmon Trading Down 0.3%

LON:PSN opened at GBX 1,185.50 on Wednesday. The stock has a market cap of £3.80 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.83 and a beta of 1.32. Persimmon has a one year low of GBX 1,030.50 and a one year high of GBX 1,552. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 3.99. The business’s 50-day simple moving average is GBX 1,418.35 and its 200 day simple moving average is GBX 1,285.13.

Persimmon (LON:PSN) last issued its quarterly earnings data on Tuesday, March 10th. The company reported GBX 100.70 earnings per share for the quarter. Persimmon had a return on equity of 8.05% and a net margin of 7.62%. As a group, sell-side analysts predict that Persimmon will post 98.2810615 earnings per share for the current fiscal year.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4. Further, it offers concrete bricks and roof tile. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.